GOLD (XAU/USD) Trading Plan: Can Gold Surge Past $3100?

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🚀Published by MMFlowTrading on 20 March 2025

📊 Market Snapshot
Gold (XAU/USD) is riding a strong uptrend on the H1 chart, moving within a clear ascending channel 📈. After breaking the $3000 psychological barrier, bullish momentum remains intact 💪. However, with key resistance ahead and US economic data on the horizon, volatility could spike. Let’s break down the setup for today’s trading session! 🧠

🔍 Technical Analysis
Ascending Channel:
Gold is trading in a well-defined ascending channel (highlighted in orange on the chart) 📉📈. The price has respected both the upper and lower boundaries, confirming a solid uptrend. It’s currently testing the upper channel resistance at $3070.612 🚧

Key Resistance Levels:
Immediate resistance at $3070.612, a high-volume area (VPOC) where sellers may step in 🛑
A break above could target $3081.053, then $3097.774, with $3100 as the next psychological level 🎯
Key Support Levels:

Nearest support at $3031.774, aligning with the channel’s lower boundary and a prior VPOC 🛡️.
A deeper pullback might test $3024.254 or $3017.197, where buyers previously defended (marked by yellow circles) 📍

Additional Levels to Watch:
Resistance: $3054 - $3061 - $3070 🚧
Support: $3044 - $3038 - $3031 - $3026 🛡️

🌍 Fundamental Insights
US Dollar Dynamics:
Gold often moves inversely to the USD 💱. Today, 20 March 2025, markets are focused on the US Jobless Claims data (due at 13:30 GMT) and Fed speeches, which could sway the Dollar 📅. A weaker-than-expected US report may weaken the USD, boosting Gold towards $3100 🚀.

Safe-Haven Demand:
Geopolitical tensions (e.g., Middle East unrest, US-China trade talks) continue to support Gold as a safe-haven asset 🛡️. This underpins the bullish outlook for now.

Interest Rate Environment:
The Fed’s dovish tone in early 2025 has lowered the opportunity cost of holding Gold, supporting its upward trajectory 📉. Meanwhile, keep an eye on UK inflation data this week, as it could impact GBP and indirectly influence Gold.

📝 Trading Plan
Buy Opportunity (Buy Zone: $3032 - $3030) 🟢
Stop Loss (SL): $3026 ⛔
Take Profit (TP): $3038 - $3042 - $3046 - $3050 - $3060 💵

Sell Opportunity (Sell Zone: $3069 - $3071) 🔴
Stop Loss (SL): $3075 ⛔
Take Profit (TP): $3065 - $3060 - $3055 - $3050 💵

⚠️ Market Alert
Gold has been hitting all-time highs following the FOMC meeting earlier today 🌪️. With US data due during the London session, expect volatility—stick to your TP/SL to safeguard your account! 🛡️💡

Feragatname

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